Tranquility Partners LLC Boosts Holdings in Invesco QQQ (NASDAQ:QQQ)

Tranquility Partners LLC grew its position in Invesco QQQ (NASDAQ:QQQ) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,177 shares of the exchange traded fund’s stock after buying an additional 150 shares during the period. Tranquility Partners LLC’s holdings in Invesco QQQ were worth $1,637,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in QQQ. SOA Wealth Advisors LLC. lifted its holdings in shares of Invesco QQQ by 0.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after acquiring an additional 46 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of Invesco QQQ by 2.4% in the 3rd quarter. Hutchens & Kramer Investment Management Group LLC now owns 3,678 shares of the exchange traded fund’s stock worth $1,770,000 after acquiring an additional 86 shares during the last quarter. Prospect Financial Services LLC lifted its holdings in shares of Invesco QQQ by 50.6% in the 3rd quarter. Prospect Financial Services LLC now owns 9,615 shares of the exchange traded fund’s stock worth $4,693,000 after acquiring an additional 3,230 shares during the last quarter. Client First Capital LLC lifted its holdings in shares of Invesco QQQ by 0.6% in the 3rd quarter. Client First Capital LLC now owns 61,099 shares of the exchange traded fund’s stock worth $29,821,000 after acquiring an additional 340 shares during the last quarter. Finally, PFG Advisors lifted its holdings in shares of Invesco QQQ by 3.6% in the 3rd quarter. PFG Advisors now owns 83,721 shares of the exchange traded fund’s stock worth $40,862,000 after acquiring an additional 2,879 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $528.30 on Thursday. The firm’s 50 day moving average price is $521.76 and its 200-day moving average price is $496.86. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15.

Invesco QQQ Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.